Industry News

MFDA responds to Advocis

(February 6, 2004) A letter-writing and postcard campaign on client account transfers, organized by Advocis, has generated a response from the MFDA. In a statement released yesterday, the MFDA said its board of directors has received a “number” of identical letters dealing with clients and account transfers, as well as postcards on the same topic. […]

By Doug Watt |February 6, 2004

2 min read

Industry

Ethical, Meritas top second annual SRI fund rankings

(February 6, 2004) Ethical’s Canadian Dividend Fund and the Meritas Jantzi Social Index Fund took top spots in the second annual survey of socially responsible (SRI) mutual funds in Canada, produced by Corporate Knights magazine. Researchers looked at nearly 50 SRI funds, rating them on both one-year performance and social factors, including research, community investment […]

By Doug Watt |February 6, 2004

2 min read

Industry

Fair dealing model update: OSC considers single licence for advisors, firms

(February 5, 2004) Many industry participants are still digesting part one of the Ontario Securities Commission’s (OSC) fair dealing model, released last week, but the regulator is already looking ahead to a second concept paper, which will focus on the licensing of financial firms and individuals. “A number of costly inefficiencies and gaps arise because […]

By Doug Watt |February 5, 2004

3 min read

Industry

Pension plan sponsors need advisors — but not all should apply

(February 5, 2004) Pension plan sponsors looking to provide their employees with education and advice about their plans should engage the services of financial planners. But they should also be sure to hire qualified, properly resourced firms or individuals, says Advocis chair Brian Mallard. Mallard — speaking to a room full of defined contribution plan […]

By Darin Diehl |February 5, 2004

3 min read